Thailand’s 10 listed banks had 65.8 billion baht in combined third-quarter net profit, a 9.7% annual decline the Bangkok Post linked to lower interest income and bank programs to ease customer financing costs.
Bangkok Bank told the Stock Exchange of Thailand (SET) that its net profit, including subsidiaries, was 9.48 billion baht, down from 13.8 billion baht a year earlier. The Bangkok Post’s comparison put the 31.2% decrease ahead of other major lenders. Bangkok Bank attributed lower net interest income to rate cuts intended to support economic recovery and reduce customers’ financing costs.
Among the five major banks compared by the Bangkok Post, Bank of Ayudhya (Krungsri) had the smallest profit decline, at 1.39%. The Bangkok Post reported net profit drops of 13.9% at Krungthai Bank, 11.5% at SCB X and 2.21% at Kasikornbank. It also said Kasikornbank’s noninterest income from financial instruments fell amid market volatility, while fee income declined amid market conditions and new standardized fee rules. Kasikornbank cited fragile household purchasing power and flood effects as pressures; the Bangkok Post also reported the lender pointed to Middle East uncertainty and global energy prices in discussing elevated costs.
Lending grew even as net profit fell. The Bangkok Post said Thailand’s banking system posted positive loan growth in the first nine months of 2026, mainly from lending to large corporate borrowers. Krungthai Bank said its loans rose 10% year over year in the third quarter, driven by lending to retail customers, companies and government agencies. Bangkok Bank disclosed outstanding loans of 2.69 trillion baht at Sept. 30, up 3.2% from the end of 2025, with growth driven by corporate lending and loans through its international network.
Krungthai Bank said conditions varied across sectors and groups during the first nine months. It said it would continue targeted customer assistance, debt restructuring and financial rehabilitation. The bank also cited late-September flooding in central and eastern regions as disrupting agricultural production and industrial activity, particularly in automotive supply chains.
